Mirae Asset Banking and Financial Services Fund Regular Growth

Category: Equity: Sectoral-Banking and Financial Services
Launch Date: 01-12-2020
Asset Class: Equity
Benchmark: Nifty Financial Services TRI
Expense Ratio: 2.36% As on (31-10-2021)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 834.12 Cr As on (31-10-2021)
Turn over:
NAV as on 30-11-2021

12.193

-0.03 (-0.2132%)

CAGR Since Inception

21.58%

Nifty Financial Services TRI 18.64%

PERFORMANCE of Mirae Asset Banking and Financial Services Fund Regular Growth

Scheme Performance (%) Data as on - 30-11-2021

1-Year Ret (%) 3-Yrs Ret (%) 5-Yrs Ret (%) 10-Yrs Ret (%) Since Launch Ret (%)
Mirae Asset Banking and Financial Services Fund Regular Growth - - - - 21.58
Nifty Financial Services TRI 23.32 15.83 18.91 18.35 18.64
Equity: Sectoral-Banking and Financial Services 22.58 11.94 12.9 15.64 13.7

Yearly Performance (%)

Nav Movement

Fund Managers

Gaurav Kochar,Harshad Borawake

Investment Objective

The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector.

RETURNS CALCULATOR for Mirae Asset Banking and Financial Services Fund Regular Growth

Growth of 10000 In SIP (Fund vs Benchmark)

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Growth of 10000 In LUMPSUM (Fund vs Benchmark)

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Rolling Returns

Rolling returns are the annualized returns of the scheme taken for a specified period (rolling returns period) on every day/week/month and taken till the last day of the duration. In this chart we are showing the annualized returns over the rolling returns period on every day from the start date and comparing it with the benchmark. Rolling returns is the best measure of a fund's performance. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund's absolute and relative performance across all timescales, without bias.

Riskometer

Key Performance and Risk Statistics of Mirae Asset Banking and Financial Services Fund Regular Growth

Key Statistics Volatility Sharpe Ratio Alpha Beta Yield to Maturity Average Maturity
Mirae Asset Banking and Financial Services Fund Regular Growth - -
Equity: Sectoral-Banking and Financial Services - - - - - -

PEER COMPARISION of Mirae Asset Banking and Financial Services Fund Regular Growth

Period
Data as on - 30-11-2021
Scheme Name Launch
Date
1-Year
Ret (%)
2-Yrs
Ret (%)
3-Yrs
Ret (%)
5-Yrs
Ret (%)
10-Yrs
Ret (%)
Mirae Asset Banking and Financial Services Fund Regular Growth 01-12-2020 0.0 0.0 0.0 0.0 0.0
Nippon India Banking Fund-Growth Plan-Growth Option 01-05-2003 36.55 7.45 10.0 12.25 15.38
ICICI Prudential Banking and Financial Services Fund - Growth 05-08-2008 30.72 7.92 11.45 13.1 18.89
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth 01-12-2013 26.5 9.87 12.27 13.72 0.0
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 24.33 5.18 8.11 9.67 13.03
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 23.16 10.75 15.53 13.67 14.04
Invesco India Financial Services Fund - Retail Growth 14-07-2008 21.37 10.07 13.37 15.31 16.84
Tata Banking And Financial Services Fund-Regular Plan-Growth 18-12-2015 20.53 9.44 14.51 15.78 0.0
Taurus Banking & Financial Services Fund - Regular Plan - Growth 22-05-2012 19.78 8.51 13.51 14.84 0.0
IDBI Banking & Financial Services Fund - Regular Plan (Growth) 28-05-2018 18.89 7.33 10.04 0.0 0.0

PORTFOLIO ANALYSIS of Mirae Asset Banking and Financial Services Fund Regular Growth

Asset Allocation (%)